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Are Accounting Fees Tax Deductible: Separating Fact from Fiction for Small Businesses

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Hiring an accounting firm is a big decision for any small business. Every dollar counts when you’re juggling expenses and trying to keep the business growing. When you hear that accounting fees might be tax-deductible, that sounds like a win. But with tax laws constantly changing, it’s easy to get confused about what you can […]

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Managing Unemployment Claims: Essential Tips for Small Business Success

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By Elizabeth Stroup As a small business owner, dealing with unemployment claims is something you may eventually face. This article walks through the essential facts that small business owners should know when handling an unemployment claim. Who Qualifies for Unemployment Benefits? Before responding, it’s crucial to understand whether the former employee qualifies for unemployment benefits.

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The Big 5 Bookkeeping Mistakes You Can’t Afford to Make

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If you’re reading this, chances are you’ve poured your heart and soul into building your company. You’re navigating the challenges of entrepreneurship. But even the most experienced owners can run into trouble, especially when it comes to bookkeeping. In my years as a CPA, I’ve seen plenty of smart, hardworking business owners make the same

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Demystifying Financial Statements: What Every Small Business Owner Needs to Know

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Today, we’re going to simplify two very important financial statements for your business: The Income Statement (also called the Profit and Loss Statement) and the Balance Sheet. If you’re a small business owner, understanding these can make a huge difference in how you manage and grow your company. Imagine you’re on a road trip. You

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